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FirstEnergy Corp.

NYSE: FE9 operating utilitiesNJ, OH, PACompany website ↗
Open matters
1
Pending outcomes
0
Last review
Jul 20, 2026

Operating utilities

Operating utilityRegulatorRate baseAuthorized ROEAuthorized equity ratioOpen matters
Cleveland Electric Illuminating

OH · electric

$1.7B9.63%51.2%0
FirstEnergy Pennsylvania

PA · electric

$6.9B10.05%Not specified0
JCP&L

NJ · electric

$5.1B9.6%51.9%0
Met-Ed

PA · electric

Not specifiedNot specifiedNot specified0
Ohio Edison

OH · electric

$2B9.63%51.2%1
Penelec

PA · electric

Not specifiedNot specifiedNot specified0
Penn Power

PA · electric

Not specifiedNot specifiedNot specified0
Toledo Edison

OH · electric

$500M9.63%51.2%0
West Penn Power

PA · electric

Not specifiedNot specifiedNot specified0

Open rate cases

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Recent decisions

JCP&L

NJ · ER23030144

JCP&L

NJ · ER20020146

Across operating utilities

Regulatory economics

Requested and authorized revenue

Case values remain separate by utility and docket; they are not summed across test periods.

Utility and caseStageRequestedAuthorized
Ohio Edison

26-347-EL-AIR

FiledMulti-yearNot available
Ohio Edison

24-0468-EL-AIR

Complete$190.3M$-5.3M
FirstEnergy Pennsylvania

R-2024-3047068

Complete$502M$225M
JCP&L

ER23030144

Complete$184.95M$85M
JCP&L

ER20020146

Complete$186.9M$94M

ROE and rate-base history

Most recent ROE and rate-base observations by operating utility.

UtilityMetricPositionAs ofValue
FirstEnergy PennsylvaniaReturn on equitymechanism authorizedJun 18, 202610.05%
Ohio Edison

26-347-EL-AIR

Rate baseutility requestMay 22, 2026$5,100M
Ohio Edison

26-347-EL-AIR

Rate baseutility requestMay 22, 2026$5,500M
Ohio Edison

26-347-EL-AIR

Rate baseutility requestMay 22, 2026$5,900M
Ohio Edison

26-347-EL-AIR

Return on equityutility requestMay 22, 202610.2%
Cleveland Electric IlluminatingRate basedisclosed actualDec 31, 2025$1,700M
FirstEnergy PennsylvaniaRate basedisclosed actualDec 31, 2025$6,900M
JCP&LRate basedisclosed actualDec 31, 2025$5,100M
JCP&LReturn on equityauthorizedDec 31, 20259.6%
Ohio EdisonRate basedisclosed actualDec 31, 2025$2,000M
Toledo EdisonRate basedisclosed actualDec 31, 2025$500M
Cleveland Electric IlluminatingReturn on equityauthorizedNov 19, 20259.63%
Ohio EdisonReturn on equityauthorizedNov 19, 20259.63%
Ohio Edison

24-0468-EL-AIR

Return on equityauthorizedNov 19, 2025Not specified
Ohio Edison

24-0468-EL-AIR

Return on equityutility requestNov 19, 2025Not specified
Toledo EdisonReturn on equityauthorizedNov 19, 20259.63%
FirstEnergy Pennsylvania

R-2024-3047068

Return on equityauthorizedNov 21, 2024Not specified
Met-Ed

R-2024-3047068

Rate baseauthorizedNov 21, 2024Not specified
Met-Ed

R-2024-3047068

Return on equityauthorizedNov 21, 2024Not specified
Penelec

R-2024-3047068

Rate baseauthorizedNov 21, 2024Not specified

Large-load tariffs

No published large-load tariff is linked to this parent portfolio.

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